Beibu Gulf Port announced on the evening of October 7 that, due to planning to purchase 100% equity in Guangxi Free Trade Zone Qinzhou Port Area Henggang Terminal Co., Ltd. through the issuance of shares and cash payment, and to raise supporting funds, the company's shares will be suspended from market open on October 8. The suspension is expected to last no more than 10 trading days, with the formal transaction plan to be disclosed and trading to resume no later than October 22. The announcement shows that the target of this transaction, Henggang Terminal, was established on September 23, 2026, with a registered capital of 100 million yuan. Its core assets are berths 1 to 3 in the Dalanping operation area of Qinzhou Port and supporting land and sea area resources. In the company's equity structure, the listed company's controlling shareholder, Guangxi Beibu Gulf International Port Group, holds 33.9991%, and Beigang Group's wholly-owned subsidiary, Qinzhou Port Construction Investment Co., Ltd., holds 66.0009%. Since the counterparties are all entities within the controlling shareholder's system, this transaction constitutes a related-party transaction, but it is not expected to constitute a major asset restructuring. As of the disclosure date of the announcement, the parties have signed an acquisition intention agreement. However, core details such as the specific transaction plan, pricing basis, performance compensation arrangements, share lock-up terms, and supporting financing plan are still under discussion and verification, and will require internal decision-making procedures and regulatory approval before formal implementation. Beibu Gulf Port stated that during the suspension period, it will accelerate due diligence and plan verification. If it fails to convene a board meeting for review and disclose the transaction plan on schedule, the company's shares will resume trading at market open on October 22 and the planning of this matter will be terminated. As the core listed platform for port resource integration in Guangxi, Beibu Gulf Port operates the three core port areas of Qinzhou, Beihai, and Fangchenggang. This acquisition is an important measure for the listed company to continue promoting regional port integration and improving the production capacity layout of core port areas. In the first half of this year, Beibu Gulf Port achieved operating revenue of 3.586 billion yuan, a year-on-year increase of 0.84%, and net profit of 558 million yuan, a year-on-year increase of 5.09%.
Beibuwan Port Co LtdBeibu Gulf Port plans to acquire 100% equity of Henggang Terminal via share issuance and cash, a related-party asset acquisition that expands its port assets.
